Bhavish Aggarwal Of Ola Challenges Elon Musk With Incredibly Affordable Electric Vehicles
Bhavish Aggarwal, a co-founder of Ola, claimed that the company’s new electric initiative is generating a lot of passion and emotion. His Ola Electric might be Elon Musk’s Tesla in India. However, Ola will be a significantly less expensive and more accessible alternative to the wealthy man’s expensive autos.
“The average person in the world cannot afford the $50,000 base model Tesla. With a different range of alternatives priced between $1,000 and $50,000, we have the opportunity to lead the EV revolution “Aggarwal stated.
Aggarwal stated that he is taking chances and does not desire an easier route for Ola. India is already the largest market and two-wheeler manufacturer in the world. By the end of the decade, the EV market in India is anticipated to exceed $150 billion. Since the launch of an electric two-wheeler in December was enthusiastically received, Ola will undoubtedly play a part in this.
Aggarwal wants to create businesses that have a lasting impact, even if it offends some individuals in the process. India can outperform competitors not merely by producing cheaper electric vehicles but also by developing a global presence in 5G, renewable energy, and sustainable mobility.
He also asks, “Why is India not at the forefront of the electrification of vehicles?” criticized the Big Boys Club, and. “They opened the way for a newcomer like me. I want to know what they were doing, so I’ll ask them again.” The world’s best electric scooter is being produced by Ola, which bills itself as India’s biggest EV manufacturer.
Ola Electric has been dealing with a number of issues, including a 35% decline in vehicle registrations from June to July. A little more than 45,000 units were sold, which is much less than the factory’s capacity. Aggarwal thinks that maintenance problems and interruptions in the supply chain are to blame.
He likes the long view and moves forward despite the difficulties and dangers. His objective is to produce millions of inexpensive cars for India and eventually the rest of the world. “We were frequently told as children that India was a developing nation. Our generation is destined to change this, and the time is now. I take the chance and the duty very seriously “added the businessman.
News Mania Desk
